IN NIGERIA
ABSTRACT
This study set out to investigate the impact of monetary policy on economic growth in Nigeria. The study made use of time series data between the period 1980 to 2018. More so, an econometric approach of ordinary least square was used to analyze the data and the result revealed that broad money supply, gross fixed capital formation and labour force had a positive and significant impact on economic growth in Nigeria. The empirical result also indicated that interest rate, exchange rate and monetary policy rate are statistically insignificant within the period of the analysis. The study had an explanatory power of 92.20 per cent. The study recommended that the government should maintain the existing level of money supply and also ensure that the rate of capital accumulation is kept at the current level in Nigeria.